XRP is up to around 1.14 today. After a coin that had been down for half a year, it suddenly came back to life over the past few days.

On the daily chart, an ascending triangle has formed. This pattern is often related to a continuation of the bulls or a reversal, suggesting that buying pressure is gradually regaining the upper hand.

But we need to cool things down: the longer-term moving averages are still acting as resistance. The 200-day moving average is around 1.44u, and the price is still far from that level. On the bigger picture, things remain relatively weak. This rebound can only be counted as the strongest structure in the past few months, but it hasn’t reached the point of a real reversal.

Regulation has a new complication. The Clarity Act was about to be put to a vote in the Senate, but Elizabeth Warren has stirred things up. She is demanding that Trump publicly disclose all of his crypto earnings by the 23rd of this month (which is tomorrow), otherwise she will block the bill. This directly affects the market’s expectations for regulatory progress related to XRP.

Technically, the market is watching the supply zone from 1.24 to 1.28u. You need a clean, decisive break and hold above it to confirm a true strengthening. Below 1.00u is the lifeline of this round of rebound.

In the ETF space, June saw $602.0 million in inflows, bringing cumulative net inflows to $1.48 billion. The money is still slowly coming in, but on-chain activity online has been trending downward recently, indicating that the fundamentals haven’t yet caught up with the rebound pace of the price #xrp $XRP